Compliance with the “Just-in-Time” Operation of the Automotive Industry: A YRD "Going Out" Case Study (6)
Chinese mainland auto parts manufacturers have been following their clients to set up production facilities in countries closer to their clients’ target markets. They are using Hong Kong’s professional services to manage their overseas operations in order to meet the stringent requirements of the automotive industry’s "just-in-time" manufacturing practices, while further expanding their penetration into the oversea markets.
High-end, high-price imported kitchenware very much in vogue for affluent health-conscious mainland shoppers. China's premium cookware market is inevitably growing in line with rising economic standards and increased disposable incomes. It also reflects consumers' greater emphasis on product quality and healthier lifestyles.
The Chinese economy grew by 10.4% and 9.3% in 2010 and 2011 respectively and slowed to 7.7% in 2012. In the four quarters of 2013, GDP grew by 7.7%, 7.5%, 7.8% and 7.7% respectively, resulting in an average growth of 7.7% in 2013. In the first three quarters of 2014, GDP grew by 7.4%, 7.5% and 7.3% respectively, resulting in an average growth of 7.4% in the first three quarters of 2014.